Posted 1/21/2024, 6:00:00 AM
Grocery Price Cuts May Vary Despite New Maximums
- Several basic food items announced for price reductions may see little to no cuts at supermarkets based on current pricing
- Items like pasta, milk, tuna, and crackers already cost below the planned 15% cuts at many stores
- Smaller shops tending to sell at full recommended prices so likely to drop by the full 15%
- Larger supermarkets can afford bigger cuts as they buy below recommended prices from importers
- Though maximum recommended prices will drop 15%, actual prices charged by retailers vary significantly already